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News

Department of Labor & Industry awards 18 development boards nearly $5M

By Melina Druga  |   December 23, 2024   |   Investment

The Pennsylvania Department of Labor & Industry (L&I) recently awarded 18 development boards statewide nearly $5 million in Industry Partnership grants. The program focuses on education and trainin...

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First Commonwealth Financial Corporation acquires CenterGroup Financial

By Liz Carey  |   December 20, 2024   |   Companies

Indiana, Pa.-based First Commonwealth Financial Corporation said it had acquired CenterGroup Financial, Inc. of Cincinnati in an all-stock transaction valued at more than $54 million this week. Of...

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Kitron receives $5M U.S. Army order

By Melina Druga  |   December 20, 2024   |   Companies

The U.S. Army and allied forces recently placed an order with Kitron, a Scandinavian electronics manufacturing services company, with an annual value of more than $5 million for custom electronics. ...

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American Water Charitable Foundation awards $75,000 in workforce grants

By Melina Druga  |   December 20, 2024   |   Companies

The American Water Charitable Foundation, American Water’s nonprofit organization that contributes to communities where the company and its employees live, work and operate, recently awarded three n...

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UGI Corporation names Michael Sharp president, CEO of AmeriGas Propane

By Liz Carey  |   December 19, 2024   |   Companies

UGI Corporation, in King of Prussia, Pa., announced Michael Sharp would take the helm of AmeriGas Propane effective Dec. 30. “I am pleased to welcome Michael to AmeriGas, and I look forward to o...

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Penns Woods Bancorp, Ohio bank holding company to merge

By Melina Druga  |   December 19, 2024   |   Companies

Ohio-based Northwest Bancshares, Inc., the bank holding company of Northwest Bank, and Williamsport-based Penns Woods Bancorp, the multibank holding company of Jersey Shore State Bank and Luzerne Bank...

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Rep. Deluzio visits SKA Robotics facility in Pittsburgh

By Melina Druga  |   December 19, 2024   |   Companies

U.S. Rep. Chris Deluzio (D-PA) visited Pittsburgh-based robotics engineering firm SKA Robotics’ Harmar facility earlier this month. Deluzio toured the facility and met with the engineering teams...

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Mastech Digital appoints Nirav Patel as next president, CEO

By Melina Druga  |   December 18, 2024   |   Companies

Pittsburgh–based Mastech Digital, a digital transformation services provider, recently appointed Nirav Patel as the company’s next president and CEO, effective Jan. 6. He also will be a member...

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Historically Disadvantaged Business Assistance Program accepting applications

By Melina Druga  |   December 18, 2024   |   News

The Department of Community and Economic Development (DCED) recently opened the application period for the Historically Disadvantaged Business Assistance Program. The program will fund the establis...

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Palvella Therapeutics closes on Pieris merger; completes nearly $80M private placement

By Kim Riley  |   December 18, 2024   |   Companies

Wayne, Pa.-headquartered Palvella Therapeutics Inc. said on Dec. 13 it completed its merger with Boston-based biotechnology company Pieris Pharmaceuticals Inc. The transaction was approved by Pieri...

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Pittsburgh’s FNB Financial Center certified LEED Gold

By Liz Carey  |   December 18, 2024   |   Companies

The new corporate headquarters for Pittsburgh-based FNB Corporation recently received LEED Gold certification, officials with the U.S. Green Building Council said. The majority of FNB’s Pittsbur...

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Dueling positions contradict effects of lifting pause on U.S. LNG exports

By Kim Riley  |   December 17, 2024   |   Featured

The American Petroleum Institute (API), the Marcellus Shale Coalition (MSC), and the U.S. Chamber of Commerce on Tuesday called on the Biden administration to lift its temporary pause on liquefied nat...

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Nimble Therapeutics acquired by AbbVie

By Liz Carey  |   December 17, 2024   |   Companies

Philadelphia company Nimble Therapeutics announced on Dec. 13 that it had been acquired by Chicago-based AbbVie. The proposed acquisition will add Nimble’s lead asset, an investigational oral pe...

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Sila Services purchases A-Comfort Service

By Melina Druga  |   December 17, 2024   |   Companies

King of Prussia-based Sila Services, a home services platform, recently purchased Pittsburgh-based A-Comfort Service. "Sila's dedication to continuous investment in the development of tradespeople ...

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PPR Capital hits $1B in assets under management

By Dave Kovaleski  |   December 17, 2024   |   Companies

Private equity real estate investment firm PPR Capital Management reached two important milestones recently, surpassing $1 billion in assets under management (AUM) and $400 million in equity under man...

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First FDA-approved severe frostbite treatment now commercially available in United States

By Melina Druga  |   December 17, 2024   |   Companies

French-based SERB Pharmaceuticals, a global specialty pharmaceutical company with an office in West Conshohocken, recently announce its Aurlumyn Injection is now commercially available in the United S...

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NewEdge Capital Group exceeds 2024 recruiting target

By Melina Druga  |   December 16, 2024   |   Companies

NewEdge Capital Group, a wealth management firm, recently announced it exceeded its 2024 recruiting target of $9.5 billion in expected assets under management (AUM) before the end of the year. Thi...

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Dr. Jacqueline El-Sayed

Dr. Jacqueline El-Sayed appointed CEO of SAE International

By Liz Carey  |   December 16, 2024   |   Companies

SAE International, based in Warrendale, Pa., announced Dr. Jacqueline El-Sayed will take the helm as the company’s new CEO effective Jan. 6. El-Sayed will lead SAE International and its affilia...

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Carnegie Mellon, partners to bring artificial intelligence solutions to market

By Melina Druga  |   December 16, 2024   |   Companies

Carnegie Mellon University (CMU) in collaboration with Illinois-based Egen, an IT services and consulting company, and New Jersey-based UltronAI, a software development company, recently announced a s...

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Pennsylvania’s annual shale gas impact fee revenue expected to decline in 2024

By Kim Riley  |   December 13, 2024   |   Featured

The Pennsylvania Department of Environmental Protection (DEP) Dec. 9 released its latest estimates for the annual impact fee on unconventional natural gas wells, forecasting a decline in collections f...

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